After you get your financial aid notification letter, there are a few more steps you have to take before your loans are applied to your student account:
Be sure to follow all instructions carefully to help ensure that your aid is processed in a timely manner.
There are two reasons you’d need to electronically sign a promissory note.
If you’re borrowing a Federal Direct Loan for the first time, you’ll need to e-sign a Master Promissory Note (MPN) within 60 days of your award notification. If you don’t sign the MPN within that time, we may cancel the loan.
An MPN is a promise that you’ll repay your federal loans. You must sign it before loan funds will be credited to your account.
To sign your MPN, you’ll need:
To sign the MPN, use your FSA ID to log into your direct loan account and select “Complete MPN.”
If you’re borrowing a Federal Perkins Loan, you’ll need to e-sign a new promissory note each academic year.
If you’re borrowing a federal loan, you must go through entrance counseling. Entrance counseling is a tutorial that will help you understand the federal loans you’re borrowing and the options you’ll have to repay them. You must complete the tutorial before loan funds will be credited to your account.
To start the tutorial, you will need your FSA ID to log into your direct loan account.
The Annual Security and Fire Safety Report, containing policy statements, crime and fire statistics for all Indiana University campuses, is available online. You may also request a physical copy by emailing IU Public Safety at iups@iu.edu or by visiting IUPD.
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